Free guide for homeowners

The Homeowner's Family Protection Checklist

A simple checklist to help you see, in plain English, whether your family could keep the house if something happened to you.

What's inside

  • How to estimate the coverage your family would need to keep the house
  • The events that can put a mortgage at risk: death, serious illness, injury, or being unable to work
  • Questions to ask any agent or carrier before you buy anything
  • What to gather before you ask for a quote, like your loan balance and term
  • A simple 15-minute action plan you can finish this week

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Learn the basics

Plain-English answers, no jargon.


What is mortgage protection?

It's insurance meant to pay off, or help pay, your mortgage if something happens to you. Depending on the policy, that can include death, disability, cancer, heart attack, or stroke.

What's covered varies by carrier and policy, so always read the details before you decide.

What happens to the mortgage if you die or get sick?

The lender still expects the payment. Your family would need to keep paying from other income or savings, refinance, or possibly sell. Some loans can be taken over by an heir, but that depends on the lender and your situation.

Insurance can give your family money to help cover the payments, so those choices are less forced.

Debt Free Life: the basic idea

Some families use a properly structured cash-value life insurance policy as one tool to help pay down debt over time, while keeping life insurance protection in place.

It isn't right for everyone. Results are not guaranteed, and policy illustrations are projections, not promises. It is not tax, legal, or financial advice. Ask us how it would work in your case.

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